Page 2 - Electronics Mart News Today

Polycabs entry will bring inflows worth $194 million into the stock. Paytms parent One97 Communications could see $167 million worth inflow, said Nuvama

On Thursday, 2,169 stocks advanced, 1,500 declined and 123 remained unchanged on the Bombay Stock Exchange (BSE), with advance decline ratio of 1.45, indicating a positive closing of stocks in broader markets.

In the large cap segment, 15 companies witnessed significant block deals on the screen which were worth Rs 5,677 crore led by HDFC Bank with a 40 block counts totalling to Rs 1,571 crore. The next in line were ICICI Bank (Rs 870 crore), Tube Investments of India (Rs 589 crore), Kotak Mahindra Bank (Rs 394 crore) and Reliance Industries (Rs 339 crore).

A total of 96.2 lakh shares, representing 2.5 percent equity, changed hands in the block deal window.

"We have seen some names which are looking quite promising, something like a Stylam, Venus Pipes, etc. So, we are evaluating a lot of names, but are yet to have a formal coverage on those. But yes, things are looking very promising from a small and midcap side, still the way businesses are."

The domestic market witnessed a significant rally at the end of the week, driven by higher-than-expected domestic manufacturing PMI and positive GDP growth data, reflecting a robust economic outlook. Favourable global cues also played a role in this upturn,” Vinod Nair, Head of Research at Geojit Financial Services, said.

Brokerage Anand Rathi Shares and Stock Brokers is bullish on the company and has a “buy” rating on the stock with a target price of Rs 164. The price target implies a further upside potential of 29% from the current levels.

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LKP Research is bullish on Electronics Mart India has recommended buy rating on the stock with a target price of Rs 90 in its research report dated May 29, 2023.

New Delhi [India], May 4 (ANI/NewsVoir): Electronics Mart India Ltd